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Date/Time: Sat, 20 Jan 2018 17:22:05 +0000



Looking for a Rate of Price Change indicator

Support Request:
[2013-03-23 14:54:08]
User48273 - Posts: 1
Hello:

In a trading platform I used to have access to (it was far inferior to Sierra Chart, incidentally), there was a feature where you could highlight a period of time on a chart and get a rate of change for price in that time period. You would highlight an area the same way you would for a Fib retracement pattern. It was like line slope and is used to quantify rapid or slow price change for a given period of time.

I can visualize this on a chart but if I change the time scale by compressing or expanding the time scale, I can usually make any slope I want. Getting a numerical quantification of the rate of price change that is independent of how I have the time scale compressed or expanded would be a great thing to have. This would help me in my strategy formulation for trade identification, management and risk.

My question is then, does such a thing exist in Sierra Chart? Again, this is a convenience feature because I CAN visualize it as long as I am careful and consistent about my time scaling.

I hope this is clear enough for you.

Thank You

Dennis Lombreglia
[2013-03-23 22:53:35]
Sierra Chart Engineering - Posts: 56317
For this we recommend using the Chart Calculator tool.

Documentation:

http://www.sierrachart.com/index.php?l=doc/doc_Tools.html#ChartCalculator

Configuration documentation:


http://www.sierrachart.com/index.php?l=doc/doc_Tools.html#DTConfigurationChartCalculator

You will need to enable the Angle display and understand how the angle is calculated.

The Angle is what you are after.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2013-03-23 22:53:56

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